CALGARY, April 9 /CNW/ - Imaging Dynamics Company Ltd. (TSX: IDL) ("IDC"
or the "Company") announces the resignation of Mr. John Ramsay as the Chairman
of the Board as of April 9th, 2007. Mr. Erwin Schwarz will replace Mr. Ramsay
as interim Chairman of the Board until a replacement is announced. Mr. Schwarz
has been a member of the Board for three years. Mr. Schwarz is Director of
Diagnostic Imaging Services at Oregon Health & Science University, in
Darryl Stein, President & CEO of IDC stated, "We were very fortunate to
have Mr. Ramsay on our Board since March of 2000 during the Company's
development phase. His dedication, commitment and contribution to the
Company's growth and the leadership that he provided to the Board are
invaluable. John was instrumental in strengthening the corporate governance of
Mr. Ramsay said, "The Company has, during the term that I was Chair of
the Board, moved from a Company with a pre-commercial unproven product to a
Company with internationally accepted proven products meeting regulatory and
ISO standards. The vision of improving health-care delivery through an
affordable high quality digital x-ray system has been achieved. I leave with
the feeling of pride in the Company's accomplishments and with the confidence
that the challenges of an early stage technology company (my area of focus)
have been met. I look forward to seeing many more IDC successes."
Imaging Dynamics Company (IDC) is a medical technology company and an
innovative force in the fast-growing field of digital radiography (DR)
IDC's X-Series of direct capture technology replaces conventional
film-based X-rays and provides a cost-effective alternative to cassette based
film or computed radiography (CR) systems.
Each IDC DR solution provides the industry's highest resolution
radiographic images in the digital format required for today's electronic
medical record networks. All without the use of film, environmentally harming
chemicals, cassettes or expensive imaging plates.
IDC is based in Calgary, Alberta, Canada.
Statements in this release which describe IDC's intentions, expectations
or predictions, or which relate to matters that are not historical facts are
forward-looking statements. These forward-looking statements involve known and
unknown risks and uncertainties which may cause the actual results,
performances or achievements of IDC to be materially different from any future
results, performances or achievements expressed in or implied by such
forward-looking statements. IDC may update or revise any forward-looking
statements, whether as a result of new information, future events or changing
market and business conditions. Known and unknown risks and uncertainties
include: the early stage of commercialization of IDC's products; the infancy
of the digital radiography industry in general; IDC's ability to manufacture
its products with a sufficient level of quality and in volumes which satisfy
market demand; the ability of IDC to establish direct and indirect sales
channels; the ability of IDC to establish industry partnerships; IDC's ability
to attract and retain key personnel; the strength and breadth of IDC's
patents; and other factors relating to general economic conditions, specific
industry conditions and IDC's particular situation.
For further information:
For further information: Mr. Darryl Stein, President & CEO, Imaging
Dynamics Company Ltd., 1-866-975-6737, firstname.lastname@example.org,